Oracle Fusion Financials 11g Accounts Payable Essentials Set 1

1.

A company has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval workflow that meets their requirement.

allows automatic resubmission of an invoice if rejection occurs has predefined criteria to identify which invoices require approval provides automatic routing of invoices upon approval to another designated approver allows for corrections to invoices to be made while still in the approval routing process provides Lime limits as to how long an invoice can remain unapproved before being automatically reroutedto the next approver

2.

Identify three scenarios where you are NOT allowed to cancel an invoice.

The invoice is fully or partially paid. The invoice is validated. The invoice was adjusted by a credit or debit memo. Prepayments were applied to the invoice. An accounting entry has been created for the invoice.

3.

Which three accounting event types are predefined for the Accounting Event Class Prepayment Applications?

Prepayment Application Adjusted Prepayment Applied PrepaymentAdjusted Prepayment Validated Prepayment Unapplied

4.

How do you classify a prepayment as permanent?

Create the prepayment invoice with the prepayment type as Permanent. Leave the Apply after date field blank in the Invoice Header. Deselect the Allow Prepayment Application option in the Invoice Header page. Permanent prepayments are not allowed. Deselect the Allow Prepayment Application option In the Invoice Line.

5.

A user issued a Payment Process Request and subsequently realized an error in the request. Which two options show instances where the payment can NOT be voided?

A payment that pays a prepayment that has been applied to an invoice A payment for an invoice that is already posted to General Ledger A payment for an invoice which is a Withholding Tax Invoice A payment that thebank has already cleared A payment that has a status of Issued

6.

Identify three statuses that appear in the Processed Tab in the Expense Report region.

Saved Ready for Payment Paid Pending Your Resolution Partially paid

7.

Identify three correct statements about creating and maintaining supplier profile entities.

Tax Registrations can be created and maintained only at the supplier level. Bank Accounts can be created and maintained at supplier and supplier site level. Multiple sites can NOT be created for the same address. One supplier address can be associated with one or more supplier contacts and one contact can beassociated with one or more addresses. Transaction Controls are maintained at supplier site level.

8.

How are prepayments for invoices configured?

Create the prepayment terms and associate it with the prepayment Invoice. Enable Allow Prepayments in Define General Payables Options. Enable the Profile Option for Prepayment in the Manage Payable profile options page. No additional configuration is required. Users must select the invoice type as prepayment when the invoiceis created. No additional configuration is required. Users must select the payment type as prepayment when thepayment is created.

9.

Identify two items that are defined in the Common Options in the Payables and Procurement window?

Discount Allocation Method Automatic Offset Payment Terms Apply Withholding Tax Conversion Rate Type

10.

What activity is performed by an Accounts Payable Manager with the duty role of Subledger Accounting Transaction Analysis Duty?

Creates accounting for all types of transactions Maintains transaction object diagnostics, imports and updates subledger balances Analyses subledger accounting transactional information Executes all subledger accounting reports and reviews journal entries Reviews subledger journal entries and entry lines

Oracle Fusion Financials 11g Accounts Payable Essentials Set 1

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Congratulations

COMPANY

Products

OTHERS

Partner

Oracle Fusion Financials 11g Accounts Payable Essentials Set 1

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Congratulations

Detail Form

COMPANY

Products

OTHERS

Partner